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Ampco-Pittsburgh (AP) AI Stock Analysis

AP

Ampco-Pittsburgh

(NYSE:AP)

Select Model
Rating:56Neutral
Price Target:$8.00▲(2.63% Upside)
Action:reiterated
Date:08/11/26

Weak financial performance with persistent losses and high leverage drags the score down, while positive earnings call highlights and technical momentum provide some uplift; valuation challenges add caution.

Positive Factors
Order and backlog growthThe sharp increase in orders and backlog provides stronger forward revenue visibility than current-period sales alone. A larger contracted workload can support manufacturing utilization, improve operating leverage, and sustain growth over the next several quarters if execution remains effective.
Negative Factors
Elevated leverageDebt materially exceeds the company’s reduced equity base, leaving limited financial flexibility if industrial demand weakens or execution requires additional investment. High leverage can also constrain capital allocation and make interest, refinancing, and balance-sheet recovery more difficult.

Ampco-Pittsburgh (AP) vs. SPDR S&P 500 ETF (SPY)

-100%0%100%200%300%400%500%600%AP+289.69%SPY+12.58%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
$156.18M
Dividend Yield
―
Average Volume (3M)
87.73K
Price to Earnings (P/E)
-2.6
Beta (1Y)
1.91
Revenue Growth
3.27%
EPS Growth
-1069.57%
Country
US
Employees
1,432
Sector
Industrials
Sector Strength
63
Industry
Manufacturing - Metal Fabrication

Ampco-Pittsburgh Business Overview & Revenue Model

Company Description

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through two segments: Forged and Cas...

How the Company Makes Money

Ampco-Pittsburgh makes money primarily by manufacturing and selling engineered products and systems to industrial customers through its two operating segments. (1) Forged and Cast Engineered Products (FCEP): Revenue is generated from the sale of forg...

Ampco-Pittsburgh Earnings Call Summary

Earnings Call Date:Aug 10, 2026(Q2-2026)|% Change Since:-10.09%|Next Earnings Date:Nov 09, 2026
Earnings Call SentimentPositive

The call presents a clear positive inflection: the company returned to net income, delivered double-digit adjusted EBITDA growth and margin expansion, and booked materially higher orders and backlog with record performance in the Air & Liquid segment. Remaining headwinds include lower consolidated revenues tied to the prior-year U.K. facility exit, seasonal outages in Q3, modest liquidity on hand, and reduced pension income. Operational restructuring and strong end-market demand position the company for a stronger second half of 2026.

Positive Updates

Turnaround to Net Income
Net income of $1.5 million ($0.07/share) in Q2 2026 versus a net loss of $7.3 million ($0.36/share) in the prior-year period, representing an $8.8 million improvement and a clear profitability inflection.

Negative Updates

Decline in Consolidated Net Sales
Q2 net sales were $102.9 million versus $113.1 million in the prior year (down ~9.0%), and year-to-date revenue was $211.2 million versus $217.4 million (down ~2.9%), primarily reflecting the closure of the U.K. cast roll facility.

Company Guidance

Management guided that, despite normal Q3 maintenance outages and summer shutdowns, the company expects a "significantly stronger" second half of 2026 and remains optimistic about 2027; supporting metrics cited include Q2 net income of $1.5M ($0.07/share) versus a prior‑year loss of $7.3M (‑$0.36), Q2 net sales of $102.9M (YTD $211.2M vs $217.4M prior year), adjusted EBITDA of $9.8M (up 22% y/y and 22% sequentially) with margin expanding 240 bps to 9.5%, customer orders of ~ $144M (up 50% y/y), total backlog of $385.4M (up $39.9M sequentially, +12% q/q and 39% vs year‑end 2025), Air & Liquid YTD revenue +9% with Q2 adjusted EBITDA +34% (YTD +43%) and backlog +$23.3M (+16% q/q), Forged & Cast Q2 sales $67.3M with adjusted EBITDA $7.8M (+15% y/y, +36% sequentially), plus liquidity of $7M cash and $29M undrawn on the revolver — all of which management says, together with capacity investments and strong Navy, power‑generation and data‑center demand, positions the company to meet accelerating orders.

Ampco-Pittsburgh Financial Statement Overview

Summary

Weak profitability with consistent net losses, eroding equity, and high debt levels offset by recent operating cash flow improvements and stable assets.

Income Statement

20Very Negative

Balance Sheet

15Very Negative

Cash Flow

40Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue428.04M434.17M418.31M422.34M390.19M344.92M
Gross Profit64.83M58.18M81.50M74.56M62.19M66.11M
EBITDA-24.63M-30.27M31.42M-12.26M28.40M20.48M
Net Income-59.25M-66.07M438.00K-39.93M3.42M-3.86M
Balance Sheet
Total Assets490.86M495.36M530.90M565.65M502.77M505.96M
Cash, Cash Equivalents and Short-Term Investments7.05M10.70M15.43M7.29M8.73M10.34M
Total Debt142.06M138.30M133.17M133.42M108.99M64.97M
Total Liabilities442.57M447.39M459.81M494.08M389.38M393.83M
Stockholders Equity31.12M32.64M58.88M60.94M104.33M102.90M
Cash Flow
Free Cash Flow-3.99M-8.06M5.83M-24.13M-43.90M-31.10M
Operating Cash Flow10.89M1.34M18.03M-3.69M-27.21M-15.87M
Investing Cash Flow-15.07M-9.22M-8.24M-19.68M-16.31M-14.73M
Financing Cash Flow1.19M2.21M-1.35M21.69M42.59M24.40M

Ampco-Pittsburgh Technical Analysis

Technical Analysis SentimentNegative
Last Price7.79

Price Trends

50DMA8.58Negative
100DMA8.76Negative
200DMA8.77Negative

Market Momentum

MACD-0.24Positive
RSI38.60Neutral
STOCH35.21Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AP, the sentiment is Negative. The current price of 7.79 is below the 20-day moving average (MA) of 8.48, below the 50-day MA of 8.58, and below the 200-day MA of 8.77, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 38.60 is Neutral, neither overbought nor oversold. The STOCH value of 35.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AP.

Ampco-Pittsburgh Risk Analysis

Ampco-Pittsburgh disclosed 28 risk factors in its most recent earnings report. Ampco-Pittsburgh reported the most risks in the "Finance & Corporate" category.

Higher RiskSector Avg.Lower RiskFinance & CorporateTech & InnovationLegal & RegulatoryProductionAbility to SellMacro & Political
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

1 New Risk
1.Risk FactorsQ2, 2026

Ampco-Pittsburgh Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

AP against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
NWPXNWPX73Outperform$941.91M17.8612.93%―15.95%49.06%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
TGTG63Neutral$262.08M7.8415.30%―14.97%8162.28%
APAP56Neutral$159.07M-2.58-152.73%―3.27%-1069.57%
MECMEC51Neutral$383.01M-19.00-6.63%―11.77%-196.68%
TPCSTPCS45Neutral$54.04M-42.33-15.08%―-0.19%38.34%

* Industrials Sector Average

Performance Comparison

0%200%400%APNWPXTGMECTPCSDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AP and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
APAmpco-Pittsburgh Corporation7.565.52270.59%
NWPXNorthwest Pipe99.1535.4755.70%
TGTredegar Corp7.531.1618.21%
MECMayville Engineering Company15.77-2.22-12.34%
TPCSTechprecision Corporation5.300.7315.97%

Ampco-Pittsburgh Corporate Events

Business Operations and StrategyRegulatory Filings and Compliance

Ampco-Pittsburgh Posts New Investor Presentation Under Reg FD

Neutral
Sep 23, 2026

On September 23, 2026, Ampco-Pittsburgh Corporation posted a new investor presentation on its investor relations website for use with existing and prospective investors. The materials, while available online and potentially used in future meetings, w...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 11, 2026